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Gold Forecast — March 14th 2019

March 14, 2019 at 13:29by K. Prabhu

In this video, the Trader Guy looks at the commodity, gold for the March 14th session.

Gold/USD — The Wednesday session experienced bullish pressure as the market broke above the resistance at 1,300. The market could attempt to reach this uptrend line, as you can see on the chart. The 1,316 level is seen as resistance. So, at the moment, buying dips is the way to play this market. As long as the Fed and the ECB to maintain a dovish stance on monetary policy, the gold market is to gain. The 1,280 level below is supportive. This market looks bullish and set to go further to the upside.